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Borrowers will pay more for their loans and mortgages after Butterfield Bank raised its rates in response to the historic 75 basis point increase by the US Federal Reserve

The Cayman Island Consumer Price Index increased by 11.2 per cent in the first quarter of this year when compared to the same period in 2021, the Cayman News Service has reported. The CNS commented that residents of the Cayman Islands have been livin...

The Government and the Bermuda Business Development Agency will take their promotional tour to Egypt’s luxury resort town of Sharm el-Sheikh, on the southern tip of the Sinai Peninsula, later this year. It is there in November that the Bermuda delega...

The insurance industry has been warned of the social risks of blindly withdrawing insurance cover, and divesting, from so called “dirty industries”. The warning comes as increasing eco-activism centres media attention on a global insurance industry s...

Bermuda’s existing banking fraternity appear set to welcome the island’s fifth bank into the Bermuda Bankers Association, the trade organisation for the industry. A spokesman for the BBA confirmed that its members – Bermuda’s existing banks - have t...

Bermuda’s long-proposed digital bank has become a reality with a full banking licence that will allow it to provide core banking services, together with a licence under the Digital Asset Business Act. Jewel Bank will begin operations from Victori...

The law of numbers has stymied an open call to Bermudians to participate in the next wave of revolutionary insurance from the island. Few with the right qualifications – degrees in computer science, statistics, or actuarial sciences – have applied so...

Bermuda is making headlines in cryptocurrency centred publications, republishing portions of a Wall Street Journal story focusing on the island. Nasdaq.com headlines their markets section with: “Bermuda Seeks to Expand Crypto-Friendly Regulation ...

A third of reinsurance buyers will buy more, or significantly, more reinsurance protection during his midyear renewal season, according to an industry survey. While 22.5 per cent said they will buy less, some 41.5 per cent expect to purchase about th...

Bermuda reinsurers may opt for declining participation in the Florida property market ahead of the projected above average Atlantic storm season forecast by climatologists. Even after the Florida legislature last week used record speed to pass sweepi...